Fixed and Variable Annuities

Annuities in St. Louis, MO from Meier & Associates

While representing many carriers that are A- (Excellent) or better rated by A.M. Best, we can get a competitive interest rate for you. An annuity will grow tax-deferred and you will not receive a 1099 on your account each year for the interest earned, unless you pull money out of the account. Each annuity is also backed up by the Missouri Insurance Guarantee Association for up to $100,000. Trust our St. Louis area agency to find you the right annuity for your situation. We’re located in Brentwood, just outside of St. Louis, MO.

Traditional Fixed Annuity: This policy guarantees a fixed interest rate each year for the length of the term and provides full value on death.

Index Annuity or Equity Index Annuities (EIA): Index annuities have characteristics of both fixed and variable annuities. Their return varies more than a fixed annuity, but not as much as a variable annuity. So index annuities give you more risk(more potential return) than a fixed annuity but less risk( and less potential return) than a variable annuity.

They offer a minimum guaranteed interest rate combined with an interest rate linked to a market index. Because of the guaranteed interest rate, index annuities have less market risk than variable annuities. They also have the potential to earn returns better than traditional fixed annuities when the stock market is rising.

Variable Annuity: Variable annuities offer investment features similar in many respects to mutual funds, a typical variable annuity offers three basic features not commonly found in mutual funds:

1. Tax-deferred treatment of earnings.

2. A death benefit

3. Annuity payout options that can provide guaranteed income for life.

2. The “distributions” phase when you withdraw money, typically as a lump sum or through various annuity payment options.

If payments are delayed to the future, you have a deferred annuity. If the payments start immediately, you have an immediate annuity.

As it’s name implies, a variable annuity’s rate of return is not stable, but varies with the stock, bond, and money market subaccounts that you choose as investment options. There is no guarantee that you will earn any return on your investment, and there is a risk that you will lose money. Because of this risk, variable annuities are securities registered with the Securities and Exchange Commission (SEC). The SEC and FINRA also regulate sales of variable insurance products.

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